Register
Home Quizzes Quiz Detail
Practice Quiz

CII M90 Practice Questions - Cargo and Goods in Transit Insurances (M90) Exam

100 questions 5.0 rating Mobile friendly
$69.00

Unlock the full practice quiz

Get complete access to the questions, explanations and printable quiz resources.

Full access: unlock all quiz questions and explanations.
Printable review: access the full quiz PDF with correct answers after purchase.

About this Exam

Prepare with the CII M90 Practice Questions - Cargo and Goods in Transit Insurances (M90) Exam practice quiz. This question bank includes 100 questions covering cargo, institute, clauses, clause, and incoterms. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
What is the primary function of Incoterms 2020 rules in international commercial transactions?
To transfer property ownership title of goods between buyer and seller
To define the division of tasks, costs, and risks associated with the transportation of goods between seller and buyer
To set international customs tax rates and tariffs for goods in transit
To govern maritime law disputes regarding vessel navigation and collision
Question 2
Under Incoterms 2020, which rule requires the seller to procure marine cargo insurance for the buyer's benefit as a mandatory default obligation?
FOB (Free On Board)
CFR (Cost and Freight)
CIF (Cost, Insurance and Freight)
EXW (Ex Works)
Question 3
Under FOB (Free On Board) Incoterms 2020, at what exact point does the risk of loss or damage to the goods pass from seller to buyer?
When the goods are placed in the buyer's warehouse at the port of destination
When the goods are delivered into the custody of the carrier at the seller's factory
When the goods are loaded on board the vessel nominated by the buyer at the named port of shipment
When the ocean bill of lading is signed by the vessel's master
Question 4
What key change was introduced in Incoterms 2020 regarding default insurance cover requirements under CIP compared to CIF?
CIP requires minimum cover under ICC (C), whereas CIF requires ICC (A)
CIP requires 'All Risks' cover under ICC (A) by default, whereas CIF retains minimum cover under ICC (C)
Both CIP and CIF now mandate Institute War Clauses as a compulsory default
CIP no longer requires any insurance coverage to be arranged by the seller
Question 5
Why does the International Chamber of Commerce (ICC) strongly recommend FCA instead of FOB for containerised cargo shipments?
FCA allows the seller to retain risk until final destination
Containerised goods are usually handed over to a carrier at a container terminal prior to being loaded on board ship
FCA eliminates all customs duty obligations for international buyers
FOB is only valid for air cargo transactions

Ready to test your knowledge?

Buy Now to Access

Additional Information

CII M90 Practice Questions - Cargo and Goods in Transit Insurances (M90) Exam

This practice set contains 100 questions from the matching question bank and focuses on cargo, institute, clauses, clause, and incoterms. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Related Quizzes

Chicago Transit Authority (CTA) Bus Practice Test
10 Qs  |  0 Min
Chicago Transit Authority Final Qualification Practice Test
10 Qs  |  0 Min
CII Certificate in Insurance - Packaged Commercial Insurances (IF8) Practice Test
101 Qs  |  0 Min
CII Certificate in Insurance - Packaged Commercial Insurances
10 Qs  |  0 Min
Bay Area Rapid Transit (BART) Practice Exam
10 Qs  |  0 Min

Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

Reviews

5.0

Based on 0 reviews

Leave a Review

No reviews yet. Be the first to review!